What is Venture Global's current commitment regarding the start of long-term LNG deliveries from its Plaquemines Phase 2 facility?

Venture Global has confirmed to customers that it remains on track to begin long-term LNG deliveries from its Plaquemines Phase 2 export plant in Louisiana by the end of the second quarter of 2027, at previously agreed prices, as stated in a letter sent to customers on Tuesday.

Why is Venture Global's reassurance about Plaquemines Phase 2 timing particularly significant given recent market conditions?

The reassurance is significant because it comes amid sharply rising LNG spot prices in Europe and Asia—driven by disruptions linked to the U.S.-Israeli conflict with Iran—which have heightened buyer concerns that evolving market conditions could affect project schedules or commercial arrangements, especially after prior disputes over delayed deliveries at Calcasieu Pass.

Venture Global Confirms Plaquemines Phase 2 LNG Deliveries On Schedule, Source Says

Sep 1, 2026

Venture Global assured major clients including Exxon and Chevron that its Plaquemines Phase 2 LNG plant remains on track for 2027 deliveries despite rising global gas prices. This reassurance follows significant legal disputes over delays at the company's earlier Calcasieu Pass facility.

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